Truth & rumors

Dutch Finance Ministry Says Greek Default Is Unavoidable, Immediately Retracts

Moody’s has downgraded French banks Société Générale andCrédit Agricole, citing their exposure to Greek debt.

China Premier Wen Jiabao Dampens Speculation on China Saving Europe with Statement "Debt-Laden Economies Must First Put Their Own Houses in Order"

Serious recession threat for U.S.

When do you expect the economic growth to rebound and stabilise?
The slowdown pressure will definitely remain till December across the spectrum. There can only be a rebound early next year but that will largely depend on the policy decisions the large economies take in the next few weeks.

The problem is this slowdown is happening within couple of years of huge recession and the world has not recovered fully from the 2008 crisis.

And, the ECRI Weekly Leading Index from last week: WLI Ticks Up, but Growth Weakens